IMARC Group

Global Ceiling Fan Market Catalyzed by Urbanization and Electrification in Developing Regions

Press Release   •   Aug 31, 2017 18:13 IST

According to the latest report by IMARC Group titled “Ceiling Fan Market - Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, the global ceiling fan market reached a value of US$ 8.6 Million in 2016, expanding at a CAGR of nearly 5% during 2009-2016. A ceiling fan is a mechanical device that operates with electricity and cools the space by rotating its paddles in a clockwise direction which creates movement in the still air. Ceiling fans are extremely popular in developing countries as they are cost-efficient and have a long lifespan, generally more than 10 years. However, they have been gradually phasing out of the developed countries like the US and Europe after the introduction of electric air conditioning.

Request sample report @ http://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant

Highlights of the global ceiling fan market:

  • Rise in disposable incomes, urbanisation and electrification of rural areas are driving the market.
  • Residential sector represents the largest end-use segment of ceiling fans, accounting for the majority of the share.
  • Owing to a large population and warm climatic conditions, China is one of the largest producers of ceiling fans worldwide.

The global ceiling fan market is driven by a surge in the global construction market. Developing countries like India and China are initiating housing projects for the unhoused and slum dwellers. The governments of these countries are also targeting to electrify the rural areas in the coming years. Apart from this, due to rising disposable incomes, the consumers now look forward to a variety in the product line such as decorative fans with lighting, leading to a demand for premium products. Despite these factors, the market is affected by the existence of substitutes like air conditioners which are rapidly gaining popularity worldwide. However, the growth of the global ceiling fan market is projected to remain stable over the forecast period and register a value of US$ 10.6 Million by 2022.

The market has been segmented on the basis of end-use. Residential applications dominate the global market followed by commercial applications. On the basis of product type, standard ceiling fans are the most popular. The other product types include decorative fans, high speed fans and energy saving fans. The market has also been analysed on the basis of key regions. Currently, China represents the largest market for ceiling fans followed by India, European Union, United States and Brazil. Analysing the competitive landscape, the key global producers include Emerson fans, Hunter fans, Crompton Greaves, Shell Electric MFG Co. Ltd., Nutone, and Orient Fans.

Read full report with TOC @ http://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant

The report by IMARC Group has examined global ceiling fan market on the basis of:

Key regions:

  • China
  • India
  • European union
  • United states
  • Brazil

End-use:

  • Residential
  • Commercial

Product type:

  • Standard fan
  • Decorative fan
  • High speed fan
  • Energy saving fan

Key players:

  • Emerson fans
  • Hunter fans
  • Crompton Greaves
  • Shell Electric MFG Co. Ltd.
  • Nutone
  • Orient fans.

Browse related report :

Electric Motor Market @ www.imarcgroup.com/electric-motor-manufacturing-plant

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website:
www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal